Group Health Insurance vs. Individual Health Insurance
- Group Health Insurance:
- Provided by employers, unions, or other organizations.
- Typically has lower premiums and less strict eligibility requirements.
- Coverage is usually standardized and less flexible.
- Individual Health Insurance:
- Purchased directly from an insurance company.
- More personalized coverage options and flexibility but often comes with higher premiums and underwriting requirements.
- Which One is Better for You?: Weighing the pros and cons of group vs. individual plans based on your healthcare needs, budget, and eligibility.
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